Putin Blames Kiev for Violence

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By James Marson MOSCOW--Russian President Vladimir Putin blamed an escalation in violence in eastern Ukraine on the pro-Western government in Kiev, taking a hard line as U.S. and European leaders said they could tighten sanctions against Moscow unless it reins ...

Citizens Financial Earnings Rise on Loan Strength -- Update

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Julie Steinberg And Angela Chen Citizens Financial Group Inc. reported a 30% increase in fourth-quarter profit as strength in retail and commercial loans pushed up net interest income for the regional lender. The Providence, R.I., firm, which sold shares ...

Dollar Lower Against Yen After Econ Minister's BOJ Remarks

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Hiroyuki Kachi The dollar was lower against the yen in Asian trade Tuesday, with comments by a Japanese government minister about the Bank of Japan's 2% inflation target reducing hopes for extra monetary easing steps by the central bank. ...

Banks Reach Settlement Over Sino-Forest Stock Sale

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Ben Dummett TORONTO--A group of Canadian and other investments banks agreed to pay a total of 32.5 million Canadian dollars ($26.1 million) to settle claims related to their role as underwriters to help Sino-Forest Corp. sell stock, in what ...

Asian Shares Gain on Muted Reaction to Greek Vote

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

Asia stocks were mostly higher Tuesday after European and U.S. markets offered a muted reaction to elections that brought the antiausterity Syriza party to power in Greece and set up a clash between the country and its creditors. The Nikkei ...

European Stocks Hover at Highs

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

European share prices steadied at seven-year highs Tuesday with stock-market investors unperturbed by a potential showdown between Greece's new government and its international creditors. In contrast, nervousness persisted on Greek financial markets, with the country's government bond yields extending the ...

EU Heads Call for More Russia Sanctions

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

BRUSSELS--European Union heads of government asked the bloc's foreign ministers to consider further sanctions on Russia as a response to the latest violence in eastern Ukraine, saying Moscow held "responsibility" for the rebels' actions. In a strongly-worded statement ahead of ...

Corning Sales Grow on Higher LCD Glass Demand

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Angela Chen Corning Inc. said Tuesday that continued demand for its specialty materials, along with revenue growth from its acquisition of a Korean LCD-glass manufacturer, drove stronger-than-expected results for the fourth quarter. In the most recently ended quarter, Corning ...

China to Keep New Loan Target Unchanged This Year - Caixin

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

BEIJING--China will keep its 2015 new loan growth target at about the same level as last year, Caixin magazine said Tuesday in an online report that didn't mention any sources. The target, though not officially announced, was widely believed to ...

New World Development Will Buy 40% Stake in Sunbig

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Anjie Zheng HONG KONG--New World Development Co. (0017.HK) said Tuesday it will increase its stake in Sunbig Ltd. to 90% after buying a 40% interest from Cheung Hung Development (Holdings) Ltd. for 1.78 billion Hong Kong dollars (US$229.6 million). ...

Growth in U.S. Home Prices Continues to Slow

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

November saw a further downshift in the yearly growth in home prices in many U.S. cities, according to a home-price report released Tuesday. The home-price index covering the entire U.S. rose 4.7% in the 12 months ended in November, said ...

Canada Budget Watchdog Sees Small Deficit

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Paul Vieira OTTAWA--Canada's federal government is on course to record a small budget deficit in the coming fiscal year due to the global rout in oil prices, the country's budget watchdog said Tuesday. The ruling Conservatives, led by Prime ...

Novartis Upbeat Despite Weaker Profit -- Update

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Marta Falconi ZURICH--Swiss pharmaceutical giant Novartis AG on Tuesday reported a fall in fourth-quarter profit but said it expects its business to gain momentum this year despite uncertainty spawned by the strengthened Swiss franc. Basel-based Novartis said net sales ...

Houlihan Lokey Opens Australian Office

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

By Ross Kelly U.S. investment bank Houlihan Lokey said Tuesday it has opened an office in Australia, hoping to fill a gap left by rivals that are slimming their operations Down Under as the local economy slows. In its first ...

Russia, Kazakhstan Acquire More Gold

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

SYDNEY--The central banks of Russia, Kazakhstan and Belarus topped up their official gold reserves last month, while countries including Tajikistan and Mozambique cashed in some of their holdings as gold prices rose, data from the International Monetary Fund show. Emerging ...

China Service Trade Deficit at $23.5 Billion in December

TODAY: Jan. 27, 2015 PUB DATE: Jan. 27, 2015

BEIJING--China reported a service trade deficit of $23.5 billion in December, compared with a deficit of $20.8 billion in November, official data showed on Tuesday. For 2014, the country's service trade deficit stood at $198.0 billion, the State Administration of ...